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Sands China
Sands China Limited () is an integrated resort developer and operator in Macau and a majority-owned subsidiary of Las Vegas Sands Corporation. Properties Sands China mainly operates in six segments in Macau: The Venetian Macao, Sands Macao, The Plaza Macao, The Londoner Macao, The Parisian Macao, ferry and other operations. Its business involves gaming areas, meeting space, convention Convention may refer to: * Convention (norm), a custom or tradition, a standard of presentation or conduct ** Treaty, an agreement in international law * Convention (meeting), meeting of a (usually large) group of individuals and/or companies in a ... and exhibition halls, retail and dining areas and entertainment venues. References External links * * Gambling companies of Macau Gambling companies established in 2009 Hospitality companies established in 2009 2009 initial public offerings {{Company-stub ...
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Hang Seng Index
The Hang Seng Index (HSI) is a freefloat-adjusted market- capitalization-weighted stock-market index in Hong Kong. It is used to record and monitor daily changes of the largest companies of the Hong Kong stock market and is the main indicator of the overall market performance in Hong Kong. These 66 constituent companies represent about 58% of the capitalisation of the Hong Kong Stock Exchange. HSI was started on November 24, 1969, and is currently compiled and maintained by Hang Seng Indexes Company Limited, which is a wholly owned subsidiary of Hang Seng Bank, one of the largest banks registered and listed in Hong Kong in terms of market capitalisation. It is responsible for compiling, publishing and managing the Hang Seng Index and a range of other stock indexes, such as '' Hang Seng China Enterprises Index'', '' Hang Seng China AH Index Series'', '' Hang Seng China H-Financials Index'', '' Hang Seng Composite Index Series'', ''Hang Seng China A Industry Top Index'', ''Hang ...
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Las Vegas Sands Corporation
Las Vegas Sands Corporation is an American casino and resort company with corporate headquarters in Paradise, Nevada, United States. Its corporate mission is to create "Integrated Resorts" which feature a combination of gambling, accommodation, retail, and meeting space. The company holds several resorts in Asia, including the Marina Bay Sands in Singapore, which opened in 2010. Through its majority-owned subsidiary Sands China, the company owns several properties in Macau, including the Sands Macao, The Londoner Macao, The Venetian Macao, The Plaza Macao, and The Parisian Macao. As of 2020, it is the third-largest casino company worldwide by revenue. History Development on the Las Vegas Strip Entrepreneur Sheldon Adelson and his partners Richard Katzeff, Irwin Chafetz, Ted Cutler, and Jordan Shapiro bought the Sands Hotel in 1989. Adelson and his partners financed their venture with investments in personal computers and trade shows, founding the computer trade show COMDE ...
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Gambling Companies Established In 2009
Gambling (also known as betting or gaming) is the wagering of something of value ("the stakes") on a random event with the intent of winning something else of value, where instances of strategy are discounted. Gambling thus requires three elements to be present: consideration (an amount wagered), risk (chance), and a prize. The outcome of the wager is often immediate, such as a single roll of dice, a spin of a roulette wheel, or a horse crossing the finish line, but longer time frames are also common, allowing wagers on the outcome of a future sports contest or even an entire sports season. The term "gaming" in this context typically refers to instances in which the activity has been specifically permitted by law. The two words are not mutually exclusive; ''i.e.'', a "gaming" company offers (legal) "gambling" activities to the public and may be regulated by one of many gaming control boards, for example, the Nevada Gaming Control Board. However, this distinction is not univ ...
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Exhibition Hall
A convention center (American English; or conference centre in British English) is a large building that is designed to hold a convention, where individuals and groups gather to promote and share common interests. Convention centers typically offer sufficient floor area to accommodate several thousand attendees. Very large venues, suitable for major trade shows, are sometimes known as exhibition halls. Convention centers typically have at least one auditorium and may also contain concert halls, lecture halls, meeting rooms, and conference rooms. Some large resort area hotels include a convention center. Types * Meeting facilities with lodging: hotels that include their own convention space in addition to accommodation and other related facilities, known as convention hotels. * Meeting facilities without lodging: are convention centers that do not include accommodation; usually located adjacent to or near a hotel(s). * Other: any convention and meeting facilities designed ...
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Ferry
A ferry is a ship, watercraft or amphibious vehicle used to carry passengers, and sometimes vehicles and cargo, across a body of water. A passenger ferry with many stops, such as in Venice, Italy, is sometimes called a water bus or water taxi. Ferries form a part of the public transport systems of many waterside cities and islands, allowing direct transit between points at a capital cost much lower than bridges or tunnels. Ship connections of much larger distances (such as over long distances in water bodies like the Mediterranean Sea) may also be called ferry services, and many carry vehicles. History In ancient times The profession of the ferryman is embodied in Greek mythology in Charon, the boatman who transported souls across the River Styx to the Underworld. Speculation that a pair of oxen propelled a ship having a water wheel can be found in 4th century Roman literature "''Anonymus De Rebus Bellicis''". Though impractical, there is no reason why it co ...
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The Parisian Macao
The Parisian Macao () is a casino resort on the Cotai Strip in Cotai, Macau, China owned by Las Vegas Sands, which features a half-scale Eiffel Tower as one its landmarks. It was originally expected to be operational in late 2015, with that later changed to August 2016. The hotel officially opened on 13 September 2016. History Development and construction The Parisian Macao was estimated to cost around $2.5 billion and is being funded by Las Vegas Sands with $1.5 billion in bank loans and $900 million to $1 billion in cash. The company will also have to pay a penalty of 900,000 patacas ($112,700) for the delay in developing the plot. Construction began in February 2013. Opening (2016) Originally expected to be operational in late 2015, the completion of The Parisian Macao was delayed and finally opened in September 2016. However, its launch quarter results were below expectations. Downsizing (2019) In 2019, 600 rooms in The Parisian Macao was renovated into 300 suites ...
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The Londoner Macao
The Londoner Macao () is a casino resort on the Cotai Strip, Macau. On 5 August 2011, Sands China announced that the $4 billion property, long referred to as parcels five and six, would be officially named Sands Cotai Central (). The first portion of the resort opened on 11 April 2012. The resort was rebranded as The Londoner Macao in 2021. History Development and Construction Architecture firm Aedas was the lead architect for all Las Vegas Sands projects on the Cotai Strip. The firm employed all local consultants and for developing, coordinating and implementing the design. The main contractor was Hsin Chong Construction Group Limited. In November 2005, Las Vegas Sands announced a deal with Shangri-La Hotels and Resorts for them to manage one hotel tower in the complex, with 500 rooms under their luxury Shangri-La brand and 1,000 rooms under their business-class Traders Hotels brand. In February 2006, Las Vegas Sands announced a deal with Starwood Hotels to operate two hot ...
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Sands Macao
Sands Macao () is a hotel and casino resort located in Sé, Macau, SAR - China. It is owned and operated by the Las Vegas Sands Corporation, and was designed by Steelman Partners, LLP. It comprises a casino, and a 289-suite hotel. Las Vegas Sands chairman Sheldon Adelson has said that his company will soon be a mainly Chinese enterprise, and that Las Vegas should be called "America's Macau". The president and chief operating officer of Las Vegas Sands Corporation predicted on February 12, 2007 that Macau's gaming revenue has topped that of the Las Vegas Strip The Las Vegas Strip is a stretch of Las Vegas Boulevard South in Clark County, Nevada, that is known for its concentration of resort hotels and casinos. The Strip, as it is known, is about long, and is immediately south of the Las Vegas cit ... and will more than double again by 2010. History The casino opened on May 18, 2004 at a cost of $240 million. All of the mortgage bonds that were issued to finance c ...
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The Venetian Macao
The Venetian Macao () is a hotel and casino resort in Macau owned by the American Las Vegas Sands company. The 39-story structure on Macau's Cotai Strip has of floor space, and is modeled on its sister casino resort The Venetian Las Vegas. It is the second-largest casino in the world, the largest single structure hotel in Asia, and the List of largest buildings in the world#Largest area, seventh-largest building in the world by floor area. The main hotel tower was finished in July 2007, and the resort officially opened on 28 August 2007. It has 3,000 suites, of convention space, of retail space, and of casino space (with 3,400 slot machines, 800 gambling tables), and the 15,000-seat Cotai Arena for entertainment and sports events. Its lead architects were Aedas and HKS, Inc., who were responsible for its design, coordination and implementation. Casino The casino measures . It is further divided into four themed gaming areas: * Golden Fish * Imperial House * Red Drago ...
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Subsidiary
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entit ...
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